Home Loan

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Home Loan

We offer loans for

Home purchase

Home construction

Home improvement / extension​

Home purchase

Home construction

Home improvement / extension​

Plot + Home Construction

Balance transfer

Top up loan​

Home Loan EMI Calculator

Amount

Length

% Interest

Monthly Payable

0/mo

Principal

Interest

Total Payable

Why us

One stop solution for your housing need. We provide support to make your house beautiful and environmental friendly

Eligibility Criteria For Home Loan

Anyone fulfilling the below criteria is eligible for a home loan

Nationality Resident of India
Maximum Loan Tenure 20 Yrs
Employment Salaried or Self-employed
Work Experience 1 Years or more

Home loan eligibility depends on factors like age, Income, Tenure and bureau score such as CIBIL.

Documents Required for Home Loan

Online Process

We do not collect any physical document from the customer until we are sure that we can satisfy your requirements. Physical documents if collected, are for ease of processing and in case of no possibility of digital processing. Illustrative list of documents needed for processing are as under:

Identity Proof

Your Aadhar Card is mandatory,
and any one of these

  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof of Income

  • Salary Slips/Bank Statement/Form 16
  • Salary Certificate

Other Documents

  • Signed Application Form with Picture
  • Cheque/Payment For Processing Fee
  • Bank Statement of Last 6 Months

Property Documents

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Identity Proof

  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof of Income

  • IT Returns and/or Financial Statements of last 3 years And/or
  • Informal Income Documents

Other Documents

  • Signed Application Form With Picture
  • Cheque/Payment For Processing Fee
  • Proof of business existence
  • Bank Statement of Last 6 Months

Property Documents

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Note 1: For a full list of KYC documents, please download our application or your nearest MGHF Branch.

Note 2: Make sure all your documents are valid (not past expiry date in case of Driving License and Passport)

Need Assistance?

Toll Free
1800-890-5969

Apply For Loan



    Frequently Asked Questions (FAQs) for Home Loan

    A home loan is an amount borrowed from any organization for the purpose of purchasing a home.

    You can apply through our website – www.microgreenhf.com  

    Or You can call us on toll free number 1800-890-5969

    Or You can visit our nearest branch

    Steps to get a home loan after following 4 easy steps-

    • Fill up the application form
    • Submit the required documents such as land documents, age, residence proof and income details.
    • Deposit the processing fee before successful submission of the application. 
    • After loan approval, you will get the required home loan.

    Please refer to our Home loan EMI calculator, which helps you to calculate EMI online.

    It depends on your earnings and credit history. The more is your yearly earning the more home loan you can get and if you have a good credit history, it will be easy to get the required loan amount.

    Applicant with a housing loan can get benefits and exemptions in income tax under Section 24 or Section 80C of the Income Tax Act. You can get Rs. 2,00,000/ under section 24 for interest amount paid and up-to Rs. 1,50,000/ for principal amount paid in one financial year.

    Home loan repayment starts after the construction of home has been started or within one month of loan amount disbursal.

    No lender is permitted to offer 100% home financing as per the RBI guidelines. You need to bear some proportion as a down payment as well.

    MGHF provides the most efficient, effective, speedy approval process and minimal paperwork. Almost entire home loan journey can be processed on your mobile including uploading of documents.

     

    Once the loan amount is disbursed, your home loan EMI will start.

    All co-owners of the property are also the co-applicants to the house loan. Usually, co-applicants are close family members.

    We are flexible in loan tenure. Our maximum loan tenure is 20 years.
    .

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